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    150 Flynn Ave Frankfort, KY 40601

    For Sale
    $3,300,000

    Frankfort, KY Office Building - 7.15% Cap Rate

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Class A, 16,000-square-foot office building, located at 150 Flynn Ave, Frankfort, KY 40601, presents a compelling investment opportunity. Built in 2006, this two-story structure boasts a fee-simple ownership and sits on a one-acre lot zoned P-1. Currently 100% occupied by two national credit tenants, Xerox and CBIZ, under a gross lease, the property generates a substantial net operating income (NOI) of $236,042, yielding an attractive 7.15% capitalization rate. The asking price is $3,300,000, translating to $206.25 per square foot. Strategically situated on the East/West Connector in a high-growth corridor, this property benefits from its proximity to significant developments including the Commonwealth of Kentucky office, Kentucky State Lab, and the Frankfort Plant Board. Its convenient location, within 10 minutes of the State Capital and downtown Frankfort, further enhances its appeal. This stabilized multi-tenant investment offers a rare opportunity to acquire a high-quality asset in a thriving market. The property's strong tenancy and impressive financial performance make it an ideal addition to any portfolio.

    Property Features for 150 Flynn Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,000 SF
    Class
    A
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2006
    Stories
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Myers and Stauffer LC Certified Public Accountant Health Management Business Management Consultant

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Franklin
    State
    Kentucky
    Longitude
    -84.8425385
    Latitude
    38.1878413

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    FAQs

    What type of property is this?
    Office Property / Space - Frankfort, KY Office Building - 7.15% Cap Rate
    Where is this office property / space located?
    The property is located at 150 Flynn Ave Frankfort, KY.
    What is the asking price?
    The asking price for this property is $3,300,000.
    (859) 368-0203
    Request Owner's contact information
    150 Flynn Ave Frankfort, KY 40601
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    Frankfort, KY 40601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Flynn Ave Frankfort, KY 40601
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